Income variability and means for managing risk continue to receive much attention in farm management research. In this paper, irrigation is presented as a risk-management strategy that offers potential diversification benefits. Potential diversification opportunities largely result from a wider...

A Bayesian stochastic cost frontier analyzed the shrimp fleet of Louisiana. A translog cost function was estimated. 269 vessels were included and sub-grouped by length (<20 ft, 21-40ft, and >60ft), and net type (trawl, skimmer, and butterfly). Results indicated no influence of these factors on cost efficiency.

In 1996, over 62 million U.S. residents participated in wildlife watching and spent in excess of 29 billion dollars in this recreational activity. Wildlife watching can be defined as the observation, study, and enjoyment of natural areas and its wild fauna and flora. Residential wildlife...

The basis of this teaching is a small nursery and landscape business in northern United States. The case describes how the company attempted to implement a decentralization and employee empowerment program to move relevant decision-making closer to the work site. It illustrates shifting from a...

This dissertation addresses three important price judgments: price fairness, price magnitude, and price expectation. Developed over three chapters, the main objective of this research is to determine underlying differences in these three price judgments. These differences are based on...